Clients in Hennion & Walsh’s portfolio management program pay no commissions, trading costs, brokerage fees or other administrative charges. Our service is paid for with a single annual fee that is both calculated and charged quarterly. And we don’t hide our fee, it is itemized clearly and transparently on your statements.

Private Investment Management (PIM) Standard fee table:

Asset Under Management (AUM) Annual Fee %
First $250,000 1.50%
Next $250,000 1.40%
Next $500,000 1.25%
Next $4 million 1.00%
Over $5 million 0.75%

The fees above are applied in a “wedding cake” style, meaning we calculate your fee by looking at your total assets under management (AUM), and calculating the fee for each AUM range, and ultimately blending the fee. For example, if you are considering placing $1 million in our private investment management program, your fee would be calculated as follows:

Assets Under Management (AUM) Annual Fee%
First $250,000 1.50%
Next $250,000 1.40%
Next $500,000 1.25%
Blended Fee 1.35%

In some cases our investment policy committee may decide that it is in a client’s best interest to allocate a specific portion of a portfolio to a separately managed account. In such cases, this portion of the portfolio only may be subject to a modified fee schedule.

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